Quarterly Result23 Mar 2026, 03:54 pm
Venmax Drugs Allots 28 Lakh Equity Shares Post Conversion of Convertible Warrants
AI Summary
Venmax Drugs and Pharmaceuticals Ltd. has allotted 28,00,000 equity shares following the conversion of convertible warrants by two warrant holders. The allotment was made at an issue price of Rs. 20/- per share, which includes a face value of Rs. 10/- and a premium of Rs. 10/-. The allotment has increased the company's paid-up capital to Rs. 11,58,29,300. The warrant holders who exercised their conversion rights are Jugal Kishore Bhagat and Pushpa Bhaju, who were allotted 13,00,000 and 15,00,000 equity shares, respectively.
Key Highlights
- Venmax Drugs allotted 28,00,000 equity shares following conversion of warrants.
- The allotment was made at an issue price of Rs. 20/- per share, including a face value of Rs. 10/- and a premium of Rs. 10/-.
- Jugal Kishore Bhagat and Pushpa Bhaju exercised their conversion rights and were allotted 13,00,000 and 15,00,000 equity shares, respectively.
- The allotment has increased the company's paid-up capital to Rs. 11,58,29,300.
- The company's registered office is located at Sy. No. 115, Brig Sayeed Road, Hanumanji Colony, Bowenpally, Picket, Hyderabad – 500009.
Price Impact
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